The hotels are located in Russia, Germany, Austria, and Israel. Some of them are of private ownership, and some are based on a management contract or long-term lease contracts. The company was established in 2004 by Alexander Klyachin. In 2015, the hotel chain consisted of 24 hotels of the category 3 and 4 stars; the total number of Azimut rooms is about 8 thousand.
The hotel chain was rated in 2015 as amongst the largest hotel networks worldwide, according to Hotels Magazine.
As of 2018, the hotel chain counts 29 properties across three countries.
In 2006 the hotels were united under the brand Azimut Hotels and the common standards of services and room equipments were implemented.
In 2007, the company has become one of the largest hotel chains in Russia: its turnover amounted to 54 million US dollars with an annual growth rate of 30%.
In 2008, the hotels in Germany and Austria were acquired and control over the assets was transferred through management contracts and franchise agreements (for a period of 20–25 years).[clarification needed] The European office was located in Berlin.
As at the end of 2012, the company’s revenue amounted to 3.5 billion rubles.
Since 2013, the company has controlled the largest hotel complex in Sochi. The Azimut Hotel Sochi was opened in anticipation of the 2014 Winter Olympics in Sochi.
At the end of 2013, the hotel chain also acquired the 487 room Azimut Moscow Olympic Hotel, which was renamed from the “Olympic Penta”. The hotel is located right next to Olympiysky Sports Center.
In April 2015, the Vienna Delta Hotel joined Azimut Hotels chain.
In May 2015, Azimut Hotel Vladivostok, the biggest investment project in the Russians Far East in 2014-2015 and the first SMART hotel in the region, opened after renovation. With 378 modern rooms, it is also the largest hotel in the area. Investment in this project exceeded €20 million.
The Moscow Hotel ‘Belgrad’ was bought by the Azimut Hotel chain in 2014. The hotel was closed for renovation in 2016. The hotel was projected in 2016 to be reopened as Azimut Moscow Smolenskaya Hotel.